“Be Brave” Resolution #1 – Critique and Hone Your Risk Rating Scales All risk rating scales are not created equal. The new year is a good time to consider critiquing yours…and honing them, as advisable. Here are some thoughts for severity and likelihood rating scales: 1) Mere adjectival identifiers (e.g. high, rate etc.) are worthless,[…]
A World-Class Enterprise Risk Management (ERM) or Governance, Risk and Compliance (GRC) program offers numerous benefits to organizations of all sizes and across various industries. Here are 20 key elements needed for the creation of an efficient, effective, and successful program: 1. Mission Statement Purposeful connection of strategy and tactics 2. Framework – Part A[…]
One acronym after another. An ice cream headache, for sure, trying to understand the similarities, differences and connectivity between all these terms. You need to do it, however. Simplify, simplify, simplify. Break it down and truly comprehend everything. Get ready for the proverbial elevator speech, if the need for one materializes. Toward that goal, here[…]
The beauty of enterprise risk management (ERM) is that every one of the discipline’s constituent parts is interrelated. Connected at the hip. Nothing in ERM appears “out of the blue”, therefore. Last month, for instance, we told you that a robust and meaningful ERM program might consider adopting a concise ERM mission statement, one that[…]
As we enter another year of challenges to business, to cyber-survival, and to living in a time where past norms of operation seem more historical than current, one is left to question what is important, and within that set, what is feasible now? There are many voices aloft across social media channels, news channels, thought[…]
Over the years I’ve written about many possible cyber risks, their potential impacts upon companies, their stakeholders, clients, and associates. We’ve talked about third party risk (TPRM) and associated measures to be taken to protect, detect, remediate, and respond. Well, recently one of these events struck home, literally, and the scenario, as described to me[…]
December brings more to our days than images of bright lights, holiday cheer, family gatherings, and for some, maybe a sprinkling of snow. In our work-realm of business and cyber risk management, it’s a time for reflection, refinement, and preparation for the year to come. Unless your business is retail or related, and you’re panting[…]
Overview“It is the policy of my Administration that the prevention, detection, assessment, and remediation of cyber incidents is a top priority and essential to national and economic security. The Federal Government must lead by example.”[1] So states the Executive Order (EO) on Improving The Nation’s Cybersecurity! Noble by intent, and certainly appropriate, it has not[…]
Summertime, and the living is, once again, easy—sort of. Just a few summers ago these were the days of occasional remote work, long weekends, holidays, vacations, and for some companies, shortened “summer hours”. As our work routines have made the separation of office, work, and personal time a fluid continuum, our risk perimeter and footprint[…]
Once upon a time…Some of us, those with mostly grey hair, more or less, may recall days without mobile phones, notebook computers, or even desktop devices. I know, I know, and we were all chased by dinosaurs to school, uphill, both ways, while hauling bookbags bursting with textbooks and homework, in blizzards…I get it. But[…]